Accenture (NYSE: ACN) has agreed to acquire Allgemeines
Rechenzentrum GmbH (ARZ), a technology service provider focused on
the banking sector in Austria.
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Accenture Agrees to Acquire ARZ in
Austria to Expand Banking Platform-as-a-Service Capabilities Across
Europe (Photo: Business Wire)
The acquisition will expand Accenture’s cloud-based banking
platform-as-a-service offerings, ranging from core banking services
to online banking as well as regulatory services for banking
clients across Europe.
ARZ is majority-owned by Volksbanken Group and Hypobanken Group
as well as other private banks. With locations in Vienna and
Innsbruck, ARZ operates a technology competence center for
innovation and technology services in the banking sector in
Austria.
ARZ's approximately 600 employees will join Accenture and will
continue to work in their existing locations in Vienna and
Innsbruck.
"Our vision is to develop an innovative cloud-based banking
platform-as-a-service offering for new and existing clients across
Europe," said Roland Smertnig, senior managing director in
Accenture’s financial services practice in Europe. “By acquiring
ARZ, we are expanding our digital transformation capabilities to
help banks of the future as they look to move more of their core
functions to the cloud, enable new business models, and reinvent
the services and experiences they provide to customers.”
Michael Zettel, Accenture’s country managing director in Austria
added, "With this acquisition, we are expanding our team in Austria
and will develop a comprehensive center of excellence at the
Innsbruck location to serve our clients in Austria and across
Europe. The ARZ team has the experience and talent to help us grow
and meet our banking clients’ needs now and, in the future, and we
look forward to welcoming them to Accenture.”
Gerald Fleischmann, CEO of Volksbank Wien said, "The move to
Accenture is a strategically smart development. Volksbanken and
their customers will benefit from the combined expertise, the
innovative services and collaboration between ARZ and
Accenture.”
Johannes Haid, a board member of Hypo Tirol added, “Joining
forces with Accenture will open up exciting technology training and
career opportunities for our employees in Innsbruck and
Vienna.”
ARZ is the latest acquisition Accenture has made in the banking
industry. Last year Accenture acquired Exton Consulting, a French
consulting firm providing banking strategy support to financial
services clients across Europe. Accenture also made a strategic
investment, through Accenture Ventures, in Imburse, a cloud-based,
payments-as-a-service enterprise platform that simplifies the way
businesses around the world access the global payments
ecosystem.
Terms of the transaction were not disclosed. Completion of the
acquisition is subject to customary closing conditions.
About Accenture Accenture is a global professional
services company with leading capabilities in digital, cloud and
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Accenture’s Banking industry group helps retail and commercial
banks and payments providers boost innovation; address business,
technology and regulatory challenges; and improve operational
performance to build trust and engagement with customers and grow
more profitably and securely. To learn more, visit
https://www.accenture.com/us-en/industries/banking-index.
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Peter Auer Accenture Austria +43 676872033142
peter.auer@accenture.com
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